PNV Consulting: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PNV Consulting
Largest movements
- Receivables within one year -€25,522
down €25,522 (-62.2%), from €41,011 to €15,489
of which Trade receivables: -€20,416
- Cash +€18,586
up €18,586 (+38.9%), from €47,811 to €66,397
mainly Net result for the year (+€32,975) and Receivables within one year (+€25,522)
- Current investments +€13,235
up €13,235 (+10.8%), from €122,083 to €135,318
- Reserves +€32,975
up €32,975 (+24.1%), from €136,847 to €169,822
- Other debts -€22,385
down €22,385 (-52.1%), from €43,001 to €20,616
- Tax, wage and social debts -€2,673
down €2,673 (-17.9%), from €14,922 to €12,250
of which Taxes: -€2,473
- Gross operating margin -€3,540
down €3,540 (-6.7%), from €53,163 to €49,623
- Financial charges -€1,364
down €1,364 (-36.5%), from €3,743 to €2,378
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,073 | €224,191 | +€8,118 | +3.8% |
| Fixed assets | 21/28 | €2,806 | €4,540 | +€1,734 | +61.8% |
| Tangible fixed assets | 22/27 | €2,806 | €4,540 | +€1,734 | +61.8% |
| Furniture and vehicles | 24 | €856 | €2,833 | +€1,977 | +231% |
| Other tangible fixed assets | 26 | €1,949 | €1,707 | -€243 | -12.5% |
| Current assets | 29/58 | €213,268 | €219,651 | +€6,384 | +3.0% |
| Amounts receivable within one year | 40/41 | €41,011 | €15,489 | -€25,522 | -62.2% |
| Trade receivables | 40 | €34,308 | €13,892 | -€20,416 | -59.5% |
| Other amounts receivable | 41 | €6,703 | €1,598 | -€5,106 | -76.2% |
| Current investments | 50/53 | €122,083 | €135,318 | +€13,235 | +10.8% |
| Cash at bank and in hand | 54/58 | €47,811 | €66,397 | +€18,586 | +38.9% |
| Deferred charges and accrued income | 490/1 | €2,362 | €2,447 | +€85 | +3.6% |
| Total equity and liabilities | 10/49 | €216,073 | €224,191 | +€8,118 | +3.8% |
| Equity | 10/15 | €155,479 | €188,454 | +€32,975 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,847 | €169,822 | +€32,975 | +24.1% |
| Distributable reserves | 133 | €136,847 | €169,822 | +€32,975 | +24.1% |
| Profit (loss) carried forward | 14 | €32 | €32 | = | 0.0% |
| Amounts payable | 17/49 | €60,594 | €35,737 | -€24,857 | -41.0% |
| Amounts payable within one year | 42/48 | €60,594 | €35,349 | -€25,245 | -41.7% |
| Trade debts | 44 | €2,670 | €2,484 | -€186 | -7.0% |
| Suppliers | 440/4 | €2,670 | €2,484 | -€186 | -7.0% |
| Taxes, remuneration and social security | 45 | €14,922 | €12,250 | -€2,673 | -17.9% |
| Taxes | 450/3 | €12,522 | €10,050 | -€2,473 | -19.7% |
| Remuneration and social security | 454/9 | €2,400 | €2,200 | -€200 | -8.3% |
| Other amounts payable | 47/48 | €43,001 | €20,616 | -€22,385 | -52.1% |
| Accrued charges and deferred income | 492/3 | - | €388 | +€388 | |
| Non-recurring operating income | 76A | €6,000 | €0 | -€6,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,381 | €1,312 | -€69 | -5.0% |
| Other operating charges | 640/8 | €747 | €755 | +€7 | +1.0% |
| Gross operating margin | 9900 | €53,163 | €49,623 | -€3,540 | -6.7% |
| Operating profit (loss) | 9901 | €51,034 | €47,556 | -€3,478 | -6.8% |
| Financial income | 75/76B | €2,016 | €1,717 | -€299 | -14.8% |
| Recurring financial income | 75 | €2,016 | €1,717 | -€299 | -14.8% |
| Financial charges | 65/66B | €3,743 | €2,378 | -€1,364 | -36.5% |
| Recurring financial charges | 65 | €3,743 | €2,378 | -€1,364 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €49,308 | €46,894 | -€2,413 | -4.9% |
| Income taxes | 67/77 | €14,246 | €13,920 | -€326 | -2.3% |
| Profit (loss) for the period | 9904 | €35,062 | €32,975 | -€2,087 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,062 | €32,975 | -€2,087 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.